Prior Lake Real Estate
Median Price$520K9.5%Days on Market211Active Listings234Sale-to-List99.3%0.3New This Month26Bidding War Rate29.7%1.1%Avg $/SqFt$232Pending54Median Price$520K9.5%Days on Market211Active Listings234Sale-to-List99.3%0.3New This Month26Bidding War Rate29.7%1.1%Avg $/SqFt$232Pending54

Prior Lake Market Report: Q4 2025

113 homes closed in Prior Lake between October 1, 2025 and December 31, 2025. Median sale price $510K, 32 days on market. This is a permanent quarterly record computed from closed MLS sales; once generated, the numbers on this page do not update.

Median Sale Price
$510K
2.0%vs Q4 2024
Closed Sales
113
2.6%vs Q4 2024
Days on Market
32
23.1%vs Q4 2024
Sale-to-List
98.7%
0.5 ptsvs Q4 2024
Bidding War Rate
22.1%
1.2 ptsvs Q4 2024
share of sales closing over asking
Avg $/SqFt
$230
7.0%vs Q4 2024

The quarter in review

113 homes closed in Prior Lake in Q4 2025, 3 fewer than the 116 that closed in Q4 2024. The median sale price came in at $510K, up 2.0 percent from $500K in Q4 2024. The typical sale went under contract in 32 days, 6 days slower than a year earlier. 22.1 percent of the quarter's sales closed over the asking price, and the average sale closed at 98.7 percent of list. 16 sales closed at $1 million or more. 9 of the quarter's closings were new construction.

Q4 2025 against its neighbors

MetricQ4 2025Q3 2025Q4 2024
Median sale price$510K$520K$500K
Closed sales113138116
Median days on market321926
Sale-to-list98.7%99.3%98.2%
Bidding war rate22.1%37.0%23.3%
Avg $/sqft$230$221$215

Neighbor columns show each quarter's own frozen report numbers.

Median price, trailing quarters

$474K$491K$509K$526KQ1 24Q2 24Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25Median Sale Price

Median closed price for the 8 quarters ending with Q4 2025.

Where the sales landed

Under $400K32 sales
$400K to $600K37 sales
$600K to $800K17 sales
$800K to $1M11 sales
$1M and up16 sales

Month by month

MonthClosed salesMedian price
October 202549$555K
November 202529$510K
December 202535$460K

Want the sale-by-sale numbers behind this report?

The medians summarize Q4 2025. The individual sales tell the story. Leave your name and email, and Mark Gores of RE/MAX Advantage Plus will pull the Prior Lake sales behind this report from the MLS and send them to you personally.

One email with the numbers. No drip campaign, no list.

Common Questions

What was the median home sale price in Prior Lake in Q4 2025?

The median sale price in Prior Lake in Q4 2025 was $510K, based on 113 closed MLS sales. That is 2.0% higher than Q4 2024.

How fast did Prior Lake homes sell in Q4 2025?

The median time on market in Q4 2025 was 32 days. In Q4 2024 it was 26 days.

Did Prior Lake homes sell over asking price in Q4 2025?

22.1% of Prior Lake sales closed over the asking price in Q4 2025. The average sale closed at 98.7% of the list price.

Data from NorthstarMLS via MLS Grid. This report covers closed residential sales in Prior Lake, MN from October 1, 2025 through December 31, 2025. Metrics are aggregates of closed sales; individual sold properties are not displayed. Report generated August 12, 2026 and frozen: unlike the live dashboard, the numbers on this page are a permanent record and do not update. Median days on market is computed over sales reporting a market time. All quarterly reports.

Talk to Mark

Thinking of selling? I'll pull the comps for your block.

I've worked in Prior Lake for 22 years. Give me your address and I'll tell you what your house is worth, what your street has done in the last 90 days, and what I'd list at. Takes about 20 minutes. No drip campaigns.

Mark Gores, RE/MAX Advantage Plus

I've been selling real estate in Prior Lake for 22 years. This dashboard pulls from the same MLS data I use every morning. If a number on here matters for a decision you're making, email me and I'll put it in context for your street.

Data source

NorthstarMLS via MLS Grid API, filtered to Prior Lake. Every metric on this site is computed from raw closed-sale and active-listing records. No Zillow estimates, no third-party models.

Updated Aug 12, 2026